ArcelorMittal (MT) Set to Announce Earnings on Friday
ArcelorMittal (NYSE:MT) is set to post its quarterly earnings results before the market opens on Friday, November 10th. Analysts expect ArcelorMittal to post earnings of $0.86 per share for the quarter.
Several analysts have recently weighed in on MT shares. BidaskClub raised shares of ArcelorMittal from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of ArcelorMittal from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, July 11th. Deutsche Bank AG raised shares of ArcelorMittal from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $25.00 to $32.00 in a report on Wednesday, July 12th. ING Group raised shares of ArcelorMittal from a “hold” rating to a “buy” rating in a report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $34.00 price objective (up previously from $31.50) on shares of ArcelorMittal in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $30.77.
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.
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